No.26/ 116 /DKom
Indonesia's Official Reserve Assets Position stood at USD139.0 billion at end of May 2024, an increase from USD136.2 billion as end of April 2024. The gain was underpinned by among others, tax and services receipts as well as government bonds issuance. The position of reserve assets is equivalent to 6.3 months of import or 6.1 months of import and servicing the government's external debt, well above the international reserve adequacy standard of around three months of import. Bank Indonesia considers the current level of reserve assets is adequate to support external sector resilience, while also buttressing macroeconomic and financial system stability.
Moving forward, Bank Indonesia views that reserve assets will remain ample, supported by stability and a maintained national economic outlook, in line with the synergy of policy mix responses between Bank Indonesia and the Government to preserve macroeconomic and financial system stability to bolster sustainable economic growth.
Jakarta 7th June 2024
Communication Department
Erwin Haryono
Governor Assistant
